Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-04-01
THE TREASURY CHANGES.
Fairchild Appointed Secretary and
Maynard Assistant Secretary.
SAEICHES OF THE NEW OFFICIALS-FINANCIAL POLICY
OF SECRETARY FAIRCHIID.

SAElCHlfS OF THE NEW WOFFICIALS-FINANCIALP POLICY
OF SECRETARY FAIRCHIID.
Ine President this morning appointed Chas- F.
Falrchild to be Secretary OF the Treasury, to
ceed Daniel Manning, whose resignation took effect
to-day, and Isaac II. Maynard Second controller Of
| the Treasury, to be Assistant Secretary of the
Treasury, to succeed Mr.. Fairchild. Their COM
missions were at once sent over to the Treasury
Department.
In the Treasury Department to-day over these ap-
pointments. The latter was somewhat Of sur
PRISE since to accept it Judge Maynard gave up
the larger salary OF Controller. Both men are
e3.eeagy eAceemangly popular in the Department, and
everybody was ready to congratulate them.
SECRETARY FAIRCHnD TAKES THE OATH OF OFFICE.
secretary Fairchild took the oath Of Office at IL
O'Clock and moved into the Secretarys room. A
NUMBER OF heads Of bureaus and others called on
him this morning to offer congratulations, and a
number OF eongratulatory messages by wire were
and that the work OF the Department might not
De interrupted IL was decided to announce to the
treasury oihc1alS that they would be received 1n-
lorlnai!y aiter the mail had been signed between
and O'Clock. Many flowers were sent as COM
pllments to the new Secretary. Judge Maynard
was out Tor while in the morning, when a large
nuinDer OF people called TO congratulate him.
THE NEW SECRETARY WELL EQUIPPED FOR HIS TASK.
secretary Fairchtld is thoroughly equipped for
tne performance of the duties OF Secretary of the
treasury. He has been q very careful student OF
nnances and has very decided opinions on fnan-
c1al matters. He is liberal tariff reformer and ac-
coros perfectly with the President on the silver
question. The ultra silver men will have no cause
10 complain OF him, however as he believes in a
strict and straightforward construction and en-
iorcement OF the law as he finds 1t, without any
iuea ol evasion II IL does not conform with his own
opinions. His customs decisions as Acting Secre-
tary nave Deen considered perfectly fair, and his
polcy with relation to bond calls has met with
1UDr(EHl nnf Jvff IN
on financial questions generally. He is looked
upon as a man without hobbies, and one who can
De fehed upon to act always as the conditions and
clrcunsCances require from time to time. There is
general confidence in his ability to deal with any
nnanciai 1r diflculties that may arise During his
term OF Acting Secretary, he has shown his grasp
Oh The business OF the Department..
BRIEF SKETCH OF HIS CAREER
He Is only about As years old, having been born
at Cazenov1a, N. Y, April 80, 1912. His father
was for many years the attorney for the New York
Central Railroad and is one of the eminent men of
Central New York. The new Secretary Of the
treasury received his early education at the Meth
OdiSt Seminary at CaZenOvia, and he entered Har-
yard In 1859 graduating from that institution with
the class OF 1863 He then attended the Harvard
Law ScnOol and was admitted to the bar In 1865,
and subsequently became one OF the firm OF Hart,
Hale, Swartz Fairchid, one of the most success
ful legal combinations in New York In 1874 he
was appointed deputy attorney general, and in
this his first political position he SO distinguished
himself that in the ensuing year he was nOminat-
generalsh1p, and was elected. He served in this
capacity lor two years, and they were event1ul
ones for the people OF New York, because the al
leged canal rings were receiving the attention Of
GOV: Tflden, and his able attorney general cor
daily seconded his efforts to rid the State them
and their methods. Upon the expiration of his
term as attorney general Mr.. Farchild in 1878,
visited Europe for the second time his first trip
having occurred in 1871. While on the continent
the future Secretary made careful study OF the
monetary system OF the Old World and when he
returned TO New York he had acquired valuable
fund or Information.
THE NEW ASSISTANT SECRETARY.
Judge Maynard is 40 years old, having been born
In 1888, at BOvina, New York. For three genera
tionS his ancestors have resided in New York
State. His grandfather was soldier In the ReyO-
luton. The judge was educated at the common
School In his native place, and at Sanford Semin-
airy and Amherst College, where he took the full
He was admitted to the bar in 1863 and for thir-
teen years was Of the law firm OF Gilbert IL Nav
nard. He was president OF the town council OF
stamford, New York. for ten years by successive
re-electlon. He was afterwards member OF the
State assembly, county judge, and surrogate of
delaware county. In 1883 he was nominated as
secretary OF State for New York, and was defeated
by Joseph b. Carr, republican. He has served
with ability as Second Controller Of the Treasury
10 which he was appointed by President Cleveland
June 1, 1885. At the time Of his appointment
Judge Maynard was first deputy attorney general
OF New York.
At O'Clock to-day Judge Maynard had not vet
quanneo as Assistant Secretary, and said that he
dispose CT some business now pending in the
Second Controllers Office. In accepting his new
ONCE he Will su1er q loss OF $500 year in his
salary. he makes the chang at the personal Solic-
itation OF the President and Secretary Fairchild
with the latter OF whom he enjoys the closest per-
SOnal relations.